diplomatic action of the OPEC continues, and in spite of a Saudi Arabia that, for the first time, suggests that not necessarily the Group needs a brake to the production of, the representatives of the member countries of the Sign fly to Moscow to meet with officials from the russians.
time is running out, and Vienna is getting closer, but the Group has not been clear how to divide any production cuts, but not only, because now to raise the voltage is also the saudi minister Khalid Al Falih that, to all effects, it leaves open the possibility of a nothing done.
The minister of saudi arabia Khalid Al Falih
"We expect a recovery of demand in the course of 2017, and then prices will stabilize without the intervention of OPEC. The cutting production is not the only feasible route, we can also rely on fuel consumption, especially in the States": these are the statements, as heavy as boulders, made by the minister Al Falih and published by the saudi daily retrieved may al-Awsat.
declarations of Al Falih come to the market two days after the cancellation – on the part of the saudis – the preliminary meeting of the 28 November meeting, which would have had to participate in the Russia.
For more details on the cancellation of the meeting of Monday 28 November click here
According to a statement from otherwise mistreat al-Awsat, the Al Falih would have defined "useless," a meeting with the producers outside the Cartel in the absence of an agreement between the participating countries.
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